...Business Studies Revision Plan There are two exams UNIT 1 Starting a Business and UNIT 2 Growing a Business. Over the coming weeks you need to be revising key terms and completing past papers for homework. Week | Revision | Single Lesson Mini Test | Double Lesson | Homework | Grade for Homework | 23.2.15 | Unit 1.1 | Mind MapMini Test | Unit 1 May 13 Q1 and 2 | Unit 1 Jan-12 Q1 | | 2.3.15 | Unit 1.2 | Mind MapMini Test | Unit 1 May-13 Q3Unit 1 May- 14 Q1 | Revision | | 9.3.15 | Unit 1.3 | Mind MapMini Test | Unit 1 May- 14Q2 and 3 | Unit 1 Jan 12 Q2 | | 16.3.15 | Unit 1.4 | Mind MapMini Test | Unit 1 Jan-11 Q1 and 2 | Revision | | 23.3.15 | Unit 1.5 | Mind MapMini Test | Unit 1 Jan-11 Q3Unit 1 May- 14 Q1 | Unit 1 Jan 12 Q3 | | 30.3.15 | Unit 1 May- 14 Q2 | | | | | 6.4.15 | Unit 1 May- 14 Q3 | | | | | 13.4.15 | Unit 2.1 | Mind MapMini Test | Unit 2 May 13 Q1 and 2 | Unit 2 May 12 Q1 | | 20.4.15 | Unit 2.2 | Mind MapMini Test | Unit 2 May 13 Q3Unit 2 Jun 11 Q1 | Revision | | 27.4.15 | Unit 2.3 | Mind MapMini Test | Unit 2 Jun 11 Q2 and 3 | Unit 2 May 12 Q2 | | 4.5.15 | Unit 2.4 | Mind MapMini Test | Unit 2 Jun 14 Q1 and 2 | Revision | | 11.5.15 | Unit 2.5 | Mind MapMini Test | Unit 2 Jun 14 Q3 | Unit 2 May 12 Q3 | | 18.5.15 | UNIT 1 EXAM | Recap Unit 1 | Recap Unit 1 | Revision | | 25.5.15 | Unit 2 Exam Paper | | | | | 1.5.15 | UNIT 2 EXAM | Recap Unit 2 | Recap Unit 2 | Revision | | Topic List Starting...
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...BTEC NATIONAL IN BUSINESS (MANAGEMENT) Unit 37 – Starting a Small Business Assignment 1 – Present your business idea This task assesses P1 Present the initial business idea using relevant criteria Signed (IV) _________________________________ Print Name__________________________________ This unit is all about starting your own small business. The assignments will take you through the planning process in order to complete your own small business plan. This may be a business you are thinking of starting in the future. To complete this assignment you should think of a business idea that you will be able to research and plan for. It should be realistic. You will present your idea to an assessor and some of your class mates. |P1 |Task 1 | | | | | |You should consider whether your business will be new, a franchise or whether you are going to buy an existing | | |business. Your bank manager has asked for your thoughts on this before he/she makes an appointment to discuss your | | |plan. | | | ...
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...please visit http://qualifications.pearson.com Notes Pearson Edexcel General Certificate of Education May–June Summer 2016 Examination Timetable – FINAL Home Notes Pearson Edexcel GCE Summer 2016 Examination View by Week Week Week 2 Week 3 Week 4 Week 5 Week 6 Monday 16 May Monday 23 May Monday 6 June Monday 13 June Monday 20 June Monday 27 June Tuesday 17 May Tuesday 24 May Tuesday 7 June Tuesday 14 June Tuesday 21 June Tuesday 28 June Wednesday 18 May Wednesday 25 May Wednesday 8 June Wednesday 15 June Wednesday 22 June Wednesday 29 June Thursday 19 May Thursday 26 May Thursday 9 June Thursday 16 June Thursday 23 June Thursday 30 June Friday 20 May Day Week 1 Friday 27 May Friday 10 June Friday 17 June Friday 24 June Friday 1 July View by Subject Subject A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Pearson Edexcel General Certificate of Education May–June Summer 2016 Examination Timetable – FINAL Notes Home Notes 1. Conduct of Examinations 2. Key Dates • Each examination must be taken on the day and at the time as shown on the timetable. • The date for the restricted release of results to centres is Wednesday 17 August 2016. • The published starting time of all examinations for UK centres is either 9.00 a.m. or 1.30 p.m. Candidates with more than one examination in a session should take these consecutively. A supervised break may be given between consecutive examinations. • The date...
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...Accounting in Business Assignment #1 Student Number is 9487165 Assignment Reference: AiB/9487165/Jan14/A1 Part A - Part A.1 – Cash Budget Explanatory Notes for Cash Budget items calculations Part A.2 - Income Statement Including Explanatory notes Part A.3 - Balance Sheet Including Explanatory notes Part B – Ratios Calculation B.1 – Return on Capital Employed B.2 – Cash Conversion Cycle B.3 – Gearing B.4 – Interest Cover B.5 – Current Ratio Part A.1 – Cash Budget |Cash Budget |Jan | |Output (total, units) |SUM of units/month from Jan-Dec starting at 1,200 units in May and 5% Month on | | |Month increase. | |Weeks p/month |Given | | | | |CASH IN | | |Cash from cust - retail |From Income Statement with 1 month delay as Retails have 1 month credit...
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...Unit No.10 & 36Task 2 | Unit Title. Market research in business Starting a Small Business | Applicable to: | | | Extended Diploma | | P/M/D Criteria covered: | Task 2: P1, P2, P3, M1 – U10 & P2 - U36 | Performance criteria being addressed in this assessment:Unit 10 - Market research in businessLO1 – Understand the main types of market research used to make marketing decisionsLO2 – Be able to plan researchP1 - Describe types of market researchP2 - Explain how different market research methods have been used to make a marketing decision within a selected business or organisationP3 – Plan market research for a selected product or service using appropriate methods of data collectionM1 – Explain with examples, how different market research methods are appropriate to assist different marketing situationsUnit 36 – Starting a small businessP2- Explain how to identify the target marketAssignment & Tasks:Scenario:Following on from your initial business idea pitch, you are about to plan your market research. To make sure you are on the right lines before you begin you prepare an interim report to submit to a marketing expert friend. They have kindly agreed to look over it and make suggestions for you ahead of you conducting the research for your business. You must include the following; 1. An overview of the main types of market research, primary, secondary, both qualitative and quantitative. 2. Explain which of these methods suit different market research objectives...
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...This is a simple “How to Report” to show you what it is you will need to know when starting your new business. In this passage we are going to be reviewing 4 different business models to help you make better decision when starting your new business. Let’s start with Porters five forces model. Figure 1 Figure 1 Porter’s five forces model (Figure 1) is a business strategy tool that helps a person analyze all the different strengths, weaknesses, pros and cons of the industry and your business. Let’s begging by looking at Potential Entrants, in here we study how hard it is to enter, if you need any knowledge, and if there are any barriers to enter. If entering the market is very easy then this becomes a bad thing because it will lead to lots of competition which means lower income to stay competitive. Next, let’s examine the buyers, is there a high demand for the product, is it price sensitive, easy to switch to another brand. By having a high price sensitive product you won’t have much control over your selling price. If the competition brings down their price so will you because with high price sensitive products the customer is looking for the better price. To continue, we have threat of substitution, can the customer substitute your product or service by doing it themselves if they can what is the ease of them doing it. The easier your product/service is to substitute the least of the need/worth for it. Also, Porter identified Supplier Power, is there a number of suppliers...
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...BTEC NATIONAL IN BUSINESS Unit 37 – Starting a Small Business Assignment 1 – Present your business idea ------------------------------------------------- This task assesses ------------------------------------------------- ------------------------------------------------- P1 Present the initial business idea using relevant criteria ------------------------------------------------- ------------------------------------------------- Signed (IV) _________________________________ ------------------------------------------------- ------------------------------------------------- Print Name__________________________________ ------------------------------------------------- This unit is all about starting your own small business. The assignments will take you through the planning process in order to complete your own small business plan. This may be a business you are thinking of starting in the future. To complete this assignment you should think of a business idea that you will be able to research and plan for. It should be realistic. You will present your idea to an assessor and some of your class mates. P1P1 | Task 1 | | You should consider whether your business will be new, a franchise or whether you are going to buy an existing business. Your bank manager has asked for your thoughts on this before he/she makes an appointment to discuss your plan. * Write a letter to the bank manager outline your preference giving the advantages and drawbacks...
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...qualifications please visit www.edexcel.com/contactus Pearson Edexcel International General Certificate of Secondary Education May–June Summer 2014 Examination Timetable – FINAL Notes 1. Conduct of Examinations • Each examination must be taken on the day and at the time shown on the timetable. The published starting time of all examinations is either 9.00 a.m. or 1.30 p.m. Candidates with more than one examination in a session should take these consecutively. A supervised break may be given between consecutive examinations. • Centres may start examinations earlier than, or later than, the published starting time for the session without prior permission from Edexcel. However, in order to maintain the security of the examination all candidates must start examinations scheduled for a morning session no earlier than 8.30 a.m. and by 9.30 a.m. and for an afternoon session no earlier than 1.00 p.m. and by 2.00 p.m., except where arrangements have been made for dealing with timetable clashes. Examination centres should refer to the JCQ publication, ‘Instructions for Conducting Examinations’ in the first instance. • Candidates who take an examination earlier than the published starting time shown on the timetable must remain under supervision until...
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...Unit title Level Credit value Unit code Unit review date Understanding Organisations and the Role of Human Resources 31 4 3HRC Sept. 2011 Purpose and aim of unit This core unit provides an introduction to the role of human resources and learning and development (HR/L&D) within an organisation and the environmental context. By the end of this unit the learner will have developed their understanding of how HR activities support an organisation’s strategy and assist the achievement of business objectives and how these are shaped by internal and external factors. This unit is suitable for persons who: are aspiring to, or embarking on, a career in HR/L&D are working in the field of HR/L&D in a support role and wish to develop their knowledge and skills have responsibility for HR/L&D activities and decisions within an organisation without a specialist function are employees or independent consultants within the field of HR/L&D wish to understand the role of HR/L&D in the wider, organisational and environmental context. Learning outcomes On completion of this unit, learners will: 1 Understand the purpose of an organisation and its operating environment. 2 Understand the structure, culture and functions of an organisation. 3 Understand how HR activities support an organisation. 1 Equivalents in Ireland = 5; Scotland = 6 CIPD unit 3HRC - Version 2 - 17.03.10 1 Unit content Indicative content is provided for each of the learning...
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...52 26 5 – 10 years 44 22 10 – 15 years 24 12 Total 200 100 Source: Field survey data. In the table 5.10 stating that 40% had experience of 2 years or above but less than 5 years and only 26% of the Women Entrepreneurs have great experience of 5 years, 22% and 12% of women had experience above 10 and 15 years respectively. This indicates that although previous experience helps one in starting her enterprise, yet it is not a prerequisite as far as starting of an entrepreneurial venture concerns. Due to their work experience in the enterprise field they tries to expand their business in any other location and planning to provide more employment for the laborers....
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... Budget Planning and DSS System for Pierogi_rus.com COMPANY HISTORY Pierogi, Inc. was started by Mr. Polanki, Sr. in 1962 in the basement of his home in Warsaw, Poland. He and his wife worked endless hours experimenting and promoting their product. Eventually, their product became known as the specialty Pierogi in supermarkets, restaurants and food circles. The sales increased almost 10 percent per year and the company was enjoying tremendous growth. However, in 1982, the Polankis moved their operations to Buffalo, New York, where it took them almost two years to establish a viable operation. In 2002, their son, Samuel Polanki, a graduate of Rice University, took over his parents’ business and started modernizing Pierogi’s operations. Mr. Polanski followed the traditional business...
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...AQA AS Business Studies Unit1 (BUSS1) Course Companion AQA AS Business Studies Unit 1 (BUSS1) Course Companion Publishers Information AQA AS Business Studies Unit 1 Course Companion 1st Edition August 2008 Author: Jim Riley © Tutor2u Limited All Rights Reserved No part of this material may be reproduced in whole or in part without the express written permission of Tutor2u Limited. This publication is not endorsed or approved by AQA. Tutor2u Limited Boston House 214 High Street Boston Spa LS23 6AD Please contact jimriley@tutor2u.net with details of any errors, omissions or suggestions for future editions. © Tutor2u Limited All Rights Reserved www.tutor2u.net AQA AS Business Studies Unit 1 (BUSS1) Course Companion Contents Introduction to AQA AS Business Unit 1 .....................................................................6 Section 1: Starting a Business ......................................................................................7 Enterprise and Entrepreneurs .......................................................................................8 Introduction ......................................................................................................................................... 8 Entrepreneurs ..................................................................................................................................... 9 Motives for starting a business ................................................................
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...Introduction Starting a business is something individuals do on a daily basis. It is very thoughtful process and requires a great deal of research and mathematical equations and figures. If I had decided to start Internet-based business selling cookbooks online, there are many different factors to consider before starting the business. These factors would include fixed cost, variable cost, estimated books sold, and profit. I currently make $50,000 a year. The retail cost of the books are $30 each. The average cost of each book will be $20. We’re going to assume the demand equation will be as follows; Q = 40,000 – 500P, where Q = the number of cookbooks sold per month P = the retail price of books. Graphs and Calculations Total variable cost = variable cost per unit × quantity × annual 20 × 22,000 × 12 = $5,280,000 Total revenue = price per unit × quantity × annual 30 × 22,000 × 12 = $7,920,000 Fixed cost = $16,000 Total cost = fixed cost + variable cost $5,280,000 + $16,000 = $5,296,000 Profit = revenue - cost $7,920,000 - $5,296,000 = $2,624,000 Technology (Web design and maintenance) $5,000 Postage and handling $1,000 Miscellaneous $3,000 Inventory of cookbooks $2,000 Equipment $4,000 Overhead $1,000 Demand for cookbooks between the price of $25 and $35 using the equation Q = 40,000 – 500P. Q = $40,000 - 500 × 25 = 27,500 Q = $40,000 - 500...
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...company were looking to purchase brand new motors then they would be looking at a price of $1,045 per 5-hp motor, $1,200 per 7.5-hp motor, or $1,580 for a 10-hp motor. I would say that this has a hammer affect on the industry for multiple reasons. First of all, this would encourage oil companies like Hamilton to purchase motors with lower horse powers rather than higher power motors (10-hp) not only because of how much savings they will have as listed previously above, but because of the penalization for having over-motoring motors. In addition this could affect the situation going on with Dominion and Hamilton because some of Dominion’s solution alternatives require boosting the starting torque, which could potentially increase the horsepower of the motor, hence increasing the charge per month. 2. Through Bridges’ test results, Hamilton is aiming at knocking Dominion motors off the high horse and reduce some of their market share. They are giving DMC reasons to doubt their current line of products and publicize their so-called ‘inferiority’ in product compared to the products of their major competitors. This may have...
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...maintaining business systems * Strategic change: renewing business system * Strategic renewal: realigns (재편성) organization with their marketplace McDonalds – reason why slowed in growth in the 1990s * What’s wrong with McDonalds pamphlet (health accusations (고소)) * Lawsuits with coffee cups * Profit decreased * Tastes changed * Increasing competition * Products were misaligned (조정불량) with emerging taste so their rigid products no longer fit Strategic renewal process must be avoided and fix strategic drift (gets far from environment rather than changing its system) * Areas (Where does change need to take place, the business and organizational system) * The Business System (how a firm makes money): The specific configuration (구성) of resources, value-adding activities and product/service offerings directed at creating value for customers * Organizational System (how a firm is organized): How a firm gets its people to work together * Organizational structure: the clustering of tasks and people into smaller groups (what criteria used to differentiate tasks and cluster? – depending on span of control… many layers of management) Business system is supported by the organization system What are structuring criteria? * Output-based * Market segment structure – different groups of clients served * Account-based structure – different major client served * Business unit structure –...
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